How much is $1 million in 1971 worth today?

$1 million in 1971 is worth $8,271,111 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1971?

You would need $8,271,111 to buy what $1 million bought in 1971. That is 8.27 times as much.

Kept as cash, $1 million from 1971 buys only what $120,903 of 1971 money bought. It has lost 88% of its buying power.

Prices rose 4.4% in 1971. Since then the average has been 3.91% a year.

$1 million in 1971 has the same buying power as

$8,271,111 in August 2026

That is 727% more, an average inflation rate of 3.91% a year over 55 years.

Put the other way, $1 million today buys what $120,903 bought in 1971. Cash kept under the mattress since 1971 has lost 88% of its value.

$1 million from 1971 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1971 costs today:

Amount ($) From year From month To year To month

$1,000,000 in 1971 has the same buying power as

$8,271,111 in August 2026

Prices rose 727.1% in total, an average of 3.91% a year.

How much is $1 million in 1971 worth today?: $1 million in 1971 is worth $8,271,111 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1971?: You would need $8,271,111 to buy what $1 million bought in 1971. That is 8.27 times as much.
How much buying power has $1 million lost since 1971?: Kept as cash, $1 million from 1971 buys only what $120,903 of 1971 money bought. It has lost 88% of its buying power.
What was inflation in 1971?: Prices rose 4.4% in 1971. Since then the average has been 3.91% a year.